Cummins (CMI) stock is up over 15% so far this year and the engine-maker's shares should continue to rev higher due to a surge in demand from both the civilian and military markets, said Don Townswick, head of equities and strategy at Conning. Townswick is also bullish on Lockheed Martin (LMT) , down 2% year-to-date. Townswick said the defense contractor is improving its satellite business, building the units at a lower cost in 40% less time.
McDonald's (MCD) may down 1% thus far in 2016, but the fast-food giant has had a huge turnaround in the past 12 months with shares surging over 23%. Townswick said he expects the momentum to continue for the Golden Arches in the wake of its "home run" decision to serve breakfast all day. Philip Morris International (PM) pays a healthy 4.4% dividend and the tobacco products giant is up 7% this year. Townswick is positive on Philip Morris because of its international exposure.
Source: The Street
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